In January to June 2006 the capital expenses on the project of development of the Azeri-Chirag-Gunashli (ACG) fields made up $1.18bn (the 2006 target is $2,552bn). Under the Baku-Tbilisi-Ceyhan (BTC) main export oil pipeline in January to June 2006 the capital expenditure amounted to $735m (the 2006 target is $832m), David Woodward, the President of BP Azerbaijan, told Trend.
According to WРѕodward, over the first 6 months of 2006 total expenditure under the Shah-Deniz project have constituted $568m against the target of $865m. In this period, the total capital expenditure on three projects made up $2,483bn
In January to June 2006 the average daily production of Azeri Light by the Azerbaijan International Operating Company (AIOC) on ACG comprised 411,000 barrels.
According to Woodward, in 2006 average daily oil production in the fields is expected to reach 448,000 barrels. 141,000 barrels on Chirag, 226,000 on Azeri, and 81,000 barrels on West Azeri.